If anyone sends from abroad any amount of USD to his/her NRE Account in India, is it taxable in India? Does Account holder has to submit any document in support of tax paid in other country, if s/he does not want to avail DTA?
A NRE account is tax-free, including no income tax, no wealth tax and no gift tax in India for any amount of money transferred to your NRE account. There is also no tax on interest earned on a NRE account.
The world’s top remittance companies have chosen to work with CompareRemit and are already reaping the benefits. You can too. View Testimonials. Put your brand in front of millions of active remittance users, ready to send money using your services.